Copper Search Limited has secured a strategically important 944km² ground position in New South Wales’ Macquarie Arc, within the Lachlan Fold Belt. The new Theseus Gold and Copper Project combines 455km² of Rimfire Pacific Mining Limited’s Cowal tenements with 489km² of Copper Search’s ELA6903. Located just 25km east of the operational Cowal Gold Mine, the project is prospective for high-grade epi-thermal gold and copper–gold porphyry mineralisation. The company’s exclusive six‐month option permits further analysis of historical core, mineral geochemistry and data consolidation to validate drill targets before deciding whether to proceed with a full acquisition for a total consideration of up to $700,000 through a mix of cash, shares and milestone payments. Historical drilling on prospects such as Porters Mount and LFB022 has provided encouraging data. One deep diamond core (Hole ID PMD001) returned intervals with 0.65 g/t gold, 0.25% arsenic and 2.2 g/t silver over one metre, while several air core drill intercepts at Porters Mount demonstrated shallow gold intersections. The technical details include drill hole depths ranging from tens of metres to nearly 900 metres, with geological evidence of both shallow and deep mineralisation. Copper Search plans to apply its proprietary machine learning techniques to the wealth of historical data and recent mineral geochemical studies to rank targets accurately and optimise future exploration. The transaction’s flexible structure minimizes upfront capital risk. An initial cash payment of $50,000 secures the exclusive option, with the potential to purchase outright for $200,000, and additional milestone payments triggered by the first JORC Mineral Resource Estimate and production of at least 50,000 ounces of gold or gold equivalent. The deal also allows the company the election to issue shares in lieu of cash at terms based on the average share price, pending appropriate shareholder approval. This measured approach enables Copper Search to deploy funds prudently while building out its emerging pipeline of drill targets. Bullish sentiment centers on the project’s location in Australia’s premier porphyry copper–gold province, its proximity to world-class mines, and the opportunity to leverage extensive historical data with modern analytical techniques. The option structure minimizes financial exposure until a fully informed decision is made, supporting a strategy that could enhance shareholder value if successful exploration confirms high-grade mineralisation. Conversely, bearish concerns include the inherent risks of early-stage exploration in a geologically complex region and reliance on historical data that may not fully capture the true extent or continuity of mineralisation. Uncertainties regarding tenement renewals, pending environmental access conditions, and the need for further verification in the absence of recent, independent drilling results are factors that require close monitoring.